Turkey's Borsa Istanbul closes Monday with new records

By Ovunc Kutlu

ANKARA (AA) – Turkey's benchmark stock index ended with gains on Monday to hit another record closing of 1,702.49 points, while it hit a new intraday all-time high level of 1,710.79 points during the session.

After starting the day at 1,672.35 points, Borsa Istanbul's BIST 100 index gained 63.99 point, or 3.91%, from Friday's close of 1,638.50 points.

This was the eighth consecutive trading day that the BIST 100 posted an all-time high, and the ninth day in a row that the index closed with gains.

One ounce of gold traded for $1,859.70 by market close, up from $1,848.00 at the previous close, according to data from Borsa Istanbul's Precious Metals and Diamond Markets.

The price of Brent crude oil was down 0.9% to $81.41 per barrel as of 6.50 p.m. local time (1550GMT).